, resulting from the pressure of excess supply of Light Sweet crude in the market; after production of US Shale oil increased. Compared to the previous quarter, the difference between average Dated Brent and
imports from Russia through the Druzhba pipeline, capable of transferring 1 million barrels of oil per day, due to contamination to the crude oil. Thus, necessitating the purchase of light sweet crude as
Sweet Crude lowering the production and export. While Shale Oil export from the U.S. declined in September due to Hurricane Harvey which resulted in various ports ceasing operation. Summary of the Company
oversupply situation of light sweet crude, whereas supplies were tight during the previous year. Average DTD/DB in Q1/2019 reduced 0.79 $/BBL in comparison to Q4/2018, caused by lower supply of heavy crude oil
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease
| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record
Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 1Q2019, palm oil production and crude palm oil (CPO) inventory have remained high in both